Zhejiang Tuna Environmental Science & Tech Co (SHSE:603177) Interest Expense : ¥-31.8 Mil (TTM As of Mar. 2024)

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What is Zhejiang Tuna Environmental Science & Tech Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zhejiang Tuna Environmental Science & Tech Co's interest expense for the three months ended in Mar. 2024 was ¥ -7.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-31.8 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Zhejiang Tuna Environmental Science & Tech Co's Operating Income for the three months ended in Mar. 2024 was ¥ 26.7 Mil. Zhejiang Tuna Environmental Science & Tech Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -7.4 Mil. Zhejiang Tuna Environmental Science & Tech Co's Interest Coverage for the quarter that ended in Mar. 2024 was 3.60. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Zhejiang Tuna Environmental Science & Tech Co Interest Expense Historical Data

The historical data trend for Zhejiang Tuna Environmental Science & Tech Co's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Zhejiang Tuna Environmental Science & Tech Co Interest Expense Chart

Zhejiang Tuna Environmental Science & Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-13.30

-14.20

-21.40

-26.71

-30.63

Zhejiang Tuna Environmental Science & Tech Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-6.25	-7.26	-7.43	-9.69	-7.41

Zhejiang Tuna Environmental Science & Tech Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-31.8 Mil.

Zhejiang Tuna Environmental Science & Tech Co (SHSE:603177) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Zhejiang Tuna Environmental Science & Tech Co's Interest Expense for the three months ended in Mar. 2024 was ¥-7.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥26.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥268.8 Mil.

Zhejiang Tuna Environmental Science & Tech Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	26.717	/	-7.414
	=	3.60

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Zhejiang Tuna Environmental Science & Tech Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Zhejiang Tuna Environmental Science & Tech Co (SHSE:603177) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Tuna Environmental Science & Tech Co Ltd (SHSE:603177) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

South of Sanjiang Road, Paojiang Industrial Zone, Zhejiang Province, Shaoxing, CHN, 312071

Website

http://www.zj-tuna.com

Zhejiang Tuna Environmental Science & Tech Co Ltd is a Chinese company engaged in the research and development, manufacturing and contracting of flue gas purification technology. It executes EPC turnkey contract which covers denitration, desulfurization and dedusting project throughout the country, as well as overseas as subcontractor of state owned enterprise overseas project. The company also offers FGD system equipment with a different type of method, and cellular type and plate type SCR catalyst, and ESP system equipment.

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